IFG Advisors LLC Buys Shares of 2,265 QUALCOMM Incorporated $QCOM

Key Points

• IFG Advisors LLC acquired a new stake in QUALCOMM, purchasing 2,265 shares valued at approximately $361,000.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, surpassing analysts' expectations and resulting in a revenue of $10.37 billion, a 10.4% increase from the previous year.
• Institutional investors own 74.35% of QUALCOMM's stock, indicating significant confidence in the company's prospects.

IFG Advisors LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,265 shares of the wireless technology company's stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also modified their holdings of QCOM. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC grew its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in QUALCOMM in the 2nd quarter valued at approximately $32,000. Atticus Wealth Management LLC lifted its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after buying an additional 212 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of QUALCOMM during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $161.74 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market capitalization of $174.52 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.36 and a beta of 1.23. The business has a 50-day moving average of $160.98 and a two-hundred day moving average of $153.53. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on QCOM shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 201 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer directly owned 203 shares of the company's stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 in the last three months. Company insiders own 0.08% of the company's stock.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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